AUCTION BID DOCUMENTS for

CITY PROPERTY and SARDA PROPERTY

Legal Notice

The City reserves the right to amend the legal notice or to change the terms and conditions of the sealed bid auction by addendum at any time prior to the final bid submittal date.

The City reserves the right to reject any and all bids, for any reason, at the City’s sole discretion, and to waive informalities and minor irregularities in any bid reviewed. The City may reject any bid that does not conform to the instructions provided in any legal notice or amended legal notice. Additionally, the City reserves the right to negotiate all final terms and conditions of any proposed bid received before entering into a final contract.

No bids will be accepted until the City has posted its bid package including its purchase agreement for the properties. To be complete, each bid must be submitted along with a copy of the purchase agreement.

The negotiation and sale of any SARDA owned property is subject to approval by the Oversight Board and compliance with any State laws governing the dissolution of redevelopment agencies and the sale of SADRA properties, including, but not limited to Health and Safety Code section 34191 et.